Monday, November 22, 2010

Really Al? If you had asked us back about 3 years ago when you started in on this biofuels business, we could have told you what a moron you were being (kind of like the moron you're being on everything related to this science-warping, global-warming bullshit). How about going a step further? Why not admit that this entire thing is one giant, government-backed boondoggle (because it is). Climate fear is nothing but a means to seize greater power and resources for the government, which means that capitalism must take it on the chin for socialism to prevail.

ATHENS, Nov 22 (Reuters) - Former U.S. vice-president Al Gore said support for corn-based ethanol in the United States was "not a good policy", weeks before tax credits are up for renewal.

U.S. blending tax breaks for ethanol make it profitable for refiners to use the fuel even when it is more expensive than gasoline. The credits are up for renewal on Dec. 31.

Total U.S. ethanol subsidies reached $7.7 billion last year according to the International Energy Industry, which said biofuels worldwide received more subsidies than any other form of renewable energy.

"It is not a good policy to have these massive subsidies for (U.S.) first generation ethanol," said Gore, speaking at a green energy business conference in Athens sponsored by Marfin Popular Bank.